When it comes to making an investment of any kind, the first question you should be asking is whether or not it is a safe investment. Unfortunately, in the past several years there have been altogether too many risky ventures that lost a great deal of money for anyone involved in them. From Ponzi schemes to uncertain futures and options, the general public bought into investments that, when all was said and done, should never have been allowed in the first place.
One thing you should know right from the start is that BitGold is a way to buy real gold bullion, not some risky future or option. The only thing you are wagering on is how much the price of gold will go up over time. Historically, gold continues to climb so in this respect, it is a safe investment. Many financial advisors believe that any portfolio should include gold, but not options or futures.
Gold is always seen as a safe haven and if you own any at all, you are mitigating the amount of risk you take on with other, riskier investments and funds. The key to understanding the risk involved with gold is in knowing whether or not you are buying actual gold or an option to buy at some later date. In a BitGold review (https://en.wikipedia.org/wiki/BitGold) you will learn that BitGold is real gold bullion that is 99.9995% pure. There is value in owning real gold so there is no risk there.
Can You Protect Your Investment?
Once you realise that gold is a safe haven and if you have found through at least one honest BitGold review that the gold being sold is authentically valued then the next question would be whether or not you can protect your investment. If you can’t, then logically speaking it isn’t safe. When you buy BitGold bullion it is stored in a Brinks vault, protected by Brinks and fully insured against loss or theft. There is no safer way to protect your investment so in terms of security, yes BitGold is safe.
How Easily Can You Liquefy Your Investment?
A safe investment must be one that you can liquefy as the need arises. You are investing in something that you hope will earn a return on your investment but deeper than that, can you return your investment? This means, can you turn around and sell it without a loss if an emergency situation should arise necessitating you to raise capital at the drop of a dime? BitGold comes with a prepaid GoldMoney MasterCard that you can use at a point-of-sale location, withdraw funds at an ATM and even pay bills with the amount you move to the card from the value of your gold. BitGold is the easiest and fastest way to return your investment should the need arise.
If you can be assured that you are buying real gold bullion and that it will be kept safe in a vault for you, fully insured and easily redeemed, then you can be assured that it is a safe investment. After careful consideration of all these important factors, you should now see that BitGold is safe. Still having doubts? If it takes seeing to believe, check out the BitGold.com website and start small. With little invested you have little to lose and although any loss is too much, at least you can be assured BitGold is safe because you will never be asked to buy more than you can afford. That’s safety. That’s BitGold.
As one of the more innovative gold investments platforms, BitGold is quickly gaining popularity because of the many benefits that come along with being able to almost instantaneously draw upon the massive bargaining power of gold bullion. In fact, investors who are daily becoming members of BitGold.com have written honest BitGold reviews (For more info https://en.wikipedia.org/wiki/BitGold) that explain what it is they like about buying gold in this novel manner without spending inordinate amounts of money just getting in on the ground floor of gold investing.
What they will tell you is that BitGold works in a way so unlike other investment platforms that they wished they had found something like this in the past. If they had, they wouldn’t have procrastinated so long. So what does BitGold have that other gold investment strategies don’t have? First you need to understand how BitGold works.
BitGold Is So Much More than Just an Investment Platform
Yes, when you buy gold bullion from BitGold.com you are buying into the amazingly safe haven of gold investment. However, that is where the similarity ends. BitGold doesn’t require any minimum purchases so that gold can be accessible to anyone, no matter how much or how little money they have to invest. So, while BitGold is an investment strategy it is also a savings account. You can accumulate gold in small increments over time while you build up your portfolio. Whether you have a few hundred dollars to invest or two hundred thousand dollars, you can become the proud owner of gold bullion in just a few moments.
Choosing Your Currency
BitGold suggests that you read through the site in order to gain a better understanding of just what BitGold is. Once you have a handle on how BitGold works you simply need to choose the denomination you wish to deal in which includes:
USD – United States Dollar
JPY – Japanese Yen
EUR – Euro
CAD – Canadian Dollar
GAU – Gold Gram
GBP – Great British Pound
INR – Indian Rupee
BRL – Brazilian Real
SGD – Singapore Dollar
And, that’s just to name a few of the major and/or better known and more stable global currencies. Then there are other currencies from the continents of Africa, the Americas, Asia Pacific and Europe. It’s always good to remember that not all countries on the continent of Europe entered into the European agreement and not all countries in the Americas are the United States, Canada or Brazil in South America. BitGold makes it easy to buy, sell or save gold bullion and that is perhaps one of the most commonly mentioned aspects of this platform in a BitGold review (Check out the one on Bitcoin Magazine: https://bitcoinmagazine.com/articles/bitgold-inc-acquires-goldmoney-com-cad-52-million-1432675285).
How to Make a Purchase
The first thing you are asked to do is set up an online account with BitGold. Here you needn’t worry about any personal or sensitive financial information being ‘leaked’ or ‘hacked’ because BitGold only utilizes military grade encryption for their website and all transactions being made on BitGold.com. Once the account is set up, you can go on to choose how much gold you’d like to buy. You can make your purchase by using a credit or debit card, a wire transfer from your bank, through Canadian INTERAC or through China Union Pay.
Save, Sell or Send BitGold
Here what you do with your gold is determined by what you intend to do with it. Are you looking for an investment strategy where you hope to accumulate gold bullion so that as gold gains in value your investment grows or are you looking for a safe savings account? By keeping in mind that gold will always have value, even when currencies fail, you are now saving a global currency that will not fail.
Do you want to use the GoldMoney BitGold Prepaid MasterCard to make local and online purchases drawn against gold you have redeemed and placed on the card within 1% of the going spot rate of gold on the market? You can even send gold to other members via a quick transfer process so there are so many ways you can call upon that gold of yours sitting in a fully insured and safe Brinks vault.
Storing Your Gold
This leads us to where you will be storing your gold. BitGold has contracted with Brinks to store your gold in one of their ultra-safe, state-of-the-art storage facilities located in one of five cities. Once you have purchased gold, BitGold immediately transfers ‘title’ of that amount to you, no matter which vault it will be stored at. All locations are secured by globally renowned Brinks and fully insured. The benefit here? You will never accrue the extra costs of storing and insuring your gold because that is part of the package offered by BitGold.
Using the GoldMoney BitGold Prepaid MasterCard
When spending or paying bills against your gold, you can load your card in one of three currencies which include the USD, GBP or the Euro. With its MasterCard logo you can use the card in the same way you would use any other major credit card, the difference being that your card is backed by gold, not your national currency. Whether you want to go shopping at the mall or pay a bill online, you can use your card in the same way, subject to the amount of gold you have stored in your vault.
Innovation at Its Best
Investing in BitGold gold bullion offers so many more choices than you would have than if you purchased gold bullion from any other dealer in any other way. Because you can purchase a small amount at a time, choose how you want to store or save it and/or build your bullion over time, you have complete control of your gold even though it isn’t in your physical presence. When you read in a BitGold review (http://www.playersmoney.com/bitgold/) that this is the way to invest in gold, you will know what they are talking about.
Never invest in anything that you can’t control and never invest in anything you can’t understand. With BitGold leaving control of your investment in your hands, you can make the ultimate choice as to how you wish to use your gold. That, in a nutshell, is what BitGold is all about and why it is quickly becoming the number one gold investment platform.
Those reading a BitGold review (such as this one http://www.playersmoney.com/bitgold/) may be wondering what the difference is between a BitGold prepaid card vs. other prepaid cards. Actually, they are quite similar in that funds need to be there before they can be spent, but really, that is just about where the similarity ends. A GoldMoney BitGold Prepaid MasterCard has benefits you just won’t find with other prepaid cards and that is what makes it so attractive to BitGold members (as mentioned in http://goldiraguide.org/bitgold-review/)
Used Just as You Would a Bank, Credit or Debit Card
When you make your initial purchase of gold through BitGold, you are given one free prepaid card that can be reloaded from your BitGold account as needed. You can use the equity build in your gold savings account to load your card which can then be used at POS locations, online or even over the phone to make payments. Whether you choose to redeem gold from your vault or simply use your earnings that have accrued, you can simply load your card and use it as you would any other credit or debit card.
At a point-of-sales location you would either sign for your purchase or enter your pin as usual and when buying or paying anything online it would be the same as using your bank card. Typically, you will be asked for the card number, the expiration date, the cardholder’s name and on the back the three-digit security code. This is just like any other card so the process should be familiar.
How Funds Are Added to Your Card
Once you set up your BitGold account you can access settings on your prepaid card online from the main website. With a BitGold prepaid card you can draw on what you have in gold in your account and the main benefit of that is in the fact that your funds are there in gold, not in Federal Reserve currency. Actually, once merchants understand that this card is so much safer and more reliable than a bank card they will be asking you to pay with your BitGold prepaid money card! There are rumors that the bottom is about to fall out of the economy again so merchants and bill collectors will appreciate being paid literally in gold.
Currencies Currently Available
At the moment the only currencies you can load your card in are United States Dollars, Great British Pounds and Euros. However, as three of the world’s strongest currencies they are accepted just about anywhere no matter how remote the location. One thing you may want to keep in mind here is that many countries might charge a conversion fee for converting one of those three to the national currency in question. For example, if you were buying something in Switzerland and using your prepaid card they would need to convert dollars to the franc and there’s usually a charge for doing that from most foreign banks.
It is suggested that if you are going to travel to a country where the currency is any other than those three, you convert the money at home at your local bank so that you will not incur a higher fee in a foreign country. Some merchants will accept USD even though their national currency is different. These are things you would need to check in advance, but it is the same with any other card so you are probably aware of the procedure.
No Administrative Fees or Interest on Purchases
Here is the real benefit you will learn about in a BitGold review of the prepaid money card. Unlike other types of prepaid cards you will never be charged interest on purchases or administrative fees for using the card. You will not need to pay a ‘load fee’ and, of course, the amount you can spend is not dependent upon your credit rating but rather how much in gold you have to spend. That is to say, how much you have redeemed and loaded onto your card. When it comes to choosing between a GoldMoney BitGold prepaid card and another prepaid card, BitGold’s prepaid card wins it hands down each and every time. There is no high rate of interest assessed when you use your card and your funds are seen as safer by merchants because they are backed by real gold vaulted with Brinks.
With no monthly fees to pay, no high rates of interest and the ability to use them anywhere the MasterCard, Cirrus or Maestro logos are accepted, this is your most affordable and reliable prepaid card option. BitGold makes buying, saving and spending gold accessible to the average investor and that’s why there is such an emphasis on the BitGold prepaid card. It’s one way of making life easier for their members – and that’s what you’ll find in an honest BitGold review of the prepaid money card from BitGold.
Anyone who is considering investing in gold, or any other investment platform for that matter, might want to know who can and who can’t invest. Although technically anyone of an age to operate a computer could probably invest in gold, there are most likely certain restrictions that could prohibit certain individual from investing. When reading an honest BitGold review you might be led to believe that anyone can invest in this platform, however, you may want to consider a few exclusions if you fall within those demographics.
Age of the Investor
While anyone can go online and invest in gold, some young people may not be eligible because of age. It could be that the broker selling the gold is unwilling to sell to minor children and it could be that local or national laws prohibit minors to invest in gold. In some countries any assets belong to parents of minor children and in others children of any age are pretty much allowed the freedom to do and own whatever they want. On a global level there are so many ways in which children are raised and laws governing those children that it would be wise to check with your local regulatory body prior to allowing a minor child to make any kind of investment whatsoever.
Investment Regulations in the Country in Which You Live
Then there are countries that disallow investing within the entire or portions of the population. Some extremist religions forbid women to invest in gold and so the national laws governing the population reflect this mindset. While children may also be forbidden to invest in gold, it would more likely be imposed on female children than male children. Even so, some countries forbid commerce between their people and specific nations so the population within their borders would be forbidden to deal with a seller of gold simply because of broken relations.
Availability of Funds
According to BitGold.com and more than one honest BitGold review, anyone who has money to invest in a small amount of gold is welcome to invest. While BitGold itself may not impose any regulations as to whom may invest, it is wise to consider whether or not you have the funds to invest. Anybody can invest in a platform like BitGold simply because they make it easy to do so. There is no minimum investment required so anyone who has enough money to purchase gold bullion can do so.
A Matter of Ethics
In recent years many unscrupulous businesses have been set up to exploit those who are not capable of making decisions for themselves. The elderly and mentally challenged have often been targeted which is why legislation is continually undergoing changes to protect those who are incapacitated in some way. Whilst a company like BitGold is set up in such a way as to acquire information that wouldn’t be available if someone were incapable of answering questions, there are other firms out there that have no scruples when preying on those unable to make rational decisions.
Can anyone invest in gold on BitGold.com? The only realistic answer then is yes, anyone can invest if they have the mental capacity to do so, are legally of age within the laws of their country of residence and have the funds available to purchase even a small amount of gold that can be bought on BitGold. In fact, BitGold was set up to make gold investments available to anyone who would otherwise be prohibited because of the cost involved. An honest BitGold review would be the most effective way of showing just how ethical BitGold is in its mission statement that ensures an open door to anyone who wants to invest even in small amounts of gold bullion. Anyone can invest in gold on BitGold.
As if finally being introduced to bitcoin wasn’t enough, along comes another entity called BitGold that many people mistakenly assume is the same as bitcoin. Actually, these are two totally separate entities and if you are an investor, understanding BitGold is imperative. So as not to get confused, following is a general rundown between the two and if you’d like further clarification, it might be worth your while to check out a BitGold review or two.
What Is Bitcoin?
Let’s start out with bitcoin because this is the ‘currency’ you have probably been hearing about for a couple years now. Bitcoin is nothing more than a mathematical algorithm that only exists in cyberspace. There is nothing backing these ‘coins’ except a mathematical formula in which there are only so many solutions that can ever be found. These answers can then be broken down into smaller bits (hence bit coin) to be used as smaller denominations of the bitcoin currency but again, they are only worth a perceived value. There is no tangible security backing the currency.
This is a very basic explanation but the key takeaway is that, for all intents and purposes, bitcoins don’t exist. They are simply a number upon which someone has assigned a value. Period. Only so many can be mined which supposedly increases the value once all those mathematical answers have been found in cyberspace and where they are hiding is anyone’s guess. Can you spend them anywhere and everywhere? Absolutely not! Unless a business is willing to jump on the bitcoin bandwagon, they have no ultimate value whatsoever. The concept of a digital currency is not new, but this is the first one to take effect thanks to the creator of bitcoins, Satoshi Nakamoto.
What Is BitGold?
The only thing BitGold has in common with bitcoins is the prefix ‘bit.’ BitGold is actual gold that can be purchased in small amounts. A person looking to invest in gold can purchase small amounts with no minimum purchased required. Common quantities are the 10gm gold cube and the 1kg gold bar. Whereas the gold cube is valued at slightly more than one-third the price of an ounce, a kg gold bar is equivalent to 2.2 pounds of gold. At roughly $1,250 per ounce under current market conditions, that is a sizeable investment but one that is not necessary to enter the BitGold market.
The concept of BitGold is to give anyone who wants to own gold an opportunity to begin buying small amounts. The creators of BitGold, Josh Crumb and Roy Sebag, envision a world in which the common person can find a way to purchase gold in affordable increments. A specific amount of gold has been purchased and is stored in Brinks vaults in five countries around the globe. When an investor becomes a BitGold member and buys a specific amount of gold, title of that gold is passed over to the investor but remains guarded and insured within the Brinks’ vault.
The Most Critical Difference between BitGold and Bitcoin
As was stated above, bitcoin is not a currency in the truest form but BitGold is. An honest BitGold review will indicate that the gold held in the vault for that investor can be ‘spent’ at any time. Any merchant or organisation that accepts Cirrus, Maestro or MasterCard logos will accept BitGold payment through the GoldMoney Prepaid MasterCard that is issued upon the first transaction. While there may have been a time when merchants and businesses of all kinds didn’t accept credit or debit cards, those days are long in the past. It would be a good idea to learn more about bitcoin before reading an honest BitGold review so that the difference between the two is readily apparent.
When you purchase BitGold you are purchasing 99.95% pure gold bullion. When you mine a bitcoin you are simply the finder of a solution to a mathematical problem. Yes, that solution has been assigned a ‘monetary’ value, but it isn’t real. It isn’t tangible like gold is. What’s the difference between BitGold vs. bitcoin? One you can spend anywhere and has real value, the other is only a mathematical calculation and relatively few businesses and merchants will accept bitcoin as payment. Maybe digital currency will become more widely accepted in the future, but today gold is still considered a solid currency. That’s the difference. BitGold is real and bitcoin is only as real as you perceive it to be.
When it comes to making an investment in gold, there are a number of ways in which you can buy virtually any amount you would like to own. Many of today’s consumers spend so much time online and make most of their major purchases there, that it only stands to reason that they may be looking at how to buy gold bars online. Why not check out an honest BitGold review on this site or on BitGold.com to see just how easy it is to buy as much or as little gold as you’d like. However, before buying gold bars, there are a few things you need to know.
The Size of the Gold Bar
Gold bars can be purchased in a number of different sizes. Oddly, you can find them sized as small as a single gram or they can be purchased in one ounce sizes or a kilo or even in a bar that weighs 400 ounces. The choice of size is yours, dependent of course on your budget. Also you will want to take your overall investment strategy into account before electing one size over the next.
BitGold.com suggests that you think about whether or not you intend to hold onto your gold or whether you intend to redeem it as needed. This type of investment strategy is more or less a secure savings account so you would want to keep the size small enough to be easily redeemable.
Next, before deciding how to buy gold bars online you would want to look at hallmark recognition. If you are going to buy a heavier weight, it is suggested that you buy gold bars from trusted mints. Brand hallmark recognition is important when selling large quantities because the brand recognition ensures your buyers that these are trusted gold bars that contain the purity level they are supposed to contain with few (or no!) impurities.
Liquidity of Gold Bars
Also, while the hallmark is important, so too is size management when it comes to liquidity. If you feel that you will need to liquefy a part of your gold portfolio from time to time, keep your gold bars small. That is to say, buy 1 gram to 10 gram bars so that you don’t need to liquefy your entire investment all at one time to take advantage of the equity in your gold.
Where Will Your Gold Bars Be Stored?
Another key point is in knowing where you will be storing your gold bars when you buy online. Are you going to have them shipped to your home or office? Will you be storing them through the company you buy the gold from? This is a critical factor because not all gold bought online will be stored as safely as it should be. You can trust a company like BitGold.com because all gold bars purchased online will be stored in a Brinks vault, even though the amount you purchase will be immediately transferred to you upon completion of the transaction. Brinks is a well-known and respected name in security so you can rest assured that your investment will be fully insured and totally secure.
How to Pay for Gold You Are Buying Online
Next you need to know that the dealer you are buying gold from is legitimate. Only deal with trusted sources like BitGold.com that take several forms of online payments. Look to buy gold bars with your debit or credit card. Does the seller take wire transfers? BitGold.com also takes INTERAC and China Union Pay so you have a number of payment options when buying gold online from a reputable company. Unless the gold is being sold by an authentic and verifiable dealer in gold bars, you shouldn’t send money of any kind.
It all boils down to how much gold you want to buy, your investment strategy and how you want to pay for your purchases. BitGold.com looks at how to buy gold bars online from the investor’s perspective and also offers more than one real, honest BitGold review that talks about just how easy the buying process is. Their savings strategy enables literally everyone to invest in gold because you can buy as much or as little as you wish to buy and can afford. Read a BitGold review to see just how easy it is to trust BitGold and buy online now and in the future.
One of the key selling points of buying gold from BitGold is that it is promoted as being the safest way to pay in gold. You might be wondering how and why they can make that claim and it could be that an honest BitGold review might be the only way to satisfy your curiosity. Actually, it only takes a quick look around the BitGold.com website to see exactly what they mean when they tell you it is the safest way to pay in gold. Here are just 6 reasons why you can feel safe with BitGold for payments.
When you use gold as the standard for currency, it needs to be authenticated at 99.95% pure in order to live up to the International Gold Standard for valuation. Buying gold from BitGold ensures that your gold will have its value authenticated so that there is never any question as to what your equity is in your investment.
Stored for You at a Brinks Vault
Paying in gold is not without its perils. If you need to physically carry gold from one location to the next, you are always subject to loss or theft. With your gold held for you at a Brinks vault that is totally safe, you need never worry that your gold can be stolen before you actually get to use it for payments. Not only is your gold stored safely for you at a Brinks vault but it is fully insured as well. Neither of these services offered by BitGold.com will cost you a penny over the price you paid for your gold. They are part of the package deal and a great part of what keeps your gold safe for you to pay with.
24/7 Access with a Prepaid GoldMoney MasterCard
Paying with currency can be a tricky matter, especially when you are paying a large sum of money. When paying in gold with a GoldMoney BitGold Prepaid MasterCard you never need to worry about carrying cash around with you and you have safe and convenient access to your gold twenty-four hours a day, seven days a week. You can move as much or as little from your vaulted gold to your Prepaid MasterCard and the only amount you will ever be charged is a 1% spot price. There is no monthly fee that would affect the amount of cash value you have in your gold.
Gold Will Always Have Value
Speaking of cash value, when you are paying in gold you will always have value. In fact, you might even have more value because as the dollar declines, the value of gold rises proportionately. It could just be that when you bought your gold bullion from BitGold you paid less for each gram than it is worth now. All key market indicators predict that the value of gold will rise in 2016 because the United States dollar will decline in value due to economic conditions.
Several Payment Options
However, you should also be advised of the fact that the GoldMoney card is not your only option for paying in gold. You can also transfer money from your account to another BitGold customer to another with absolutely no transfer fees. Not only is BitGold the safest way to pay in gold but the cheapest as well!
Best of All – RSA 4096 and AES 256 Military Grade Encryption
When you are talking safe, what could be safer than transactions that are digitally protected with military grade encryption? If you are going to log into your account to send money to your bank, to another customer, for an automated payment or to your prepaid card, it is nice to know that BitGold uses military grade encryption for ultimate protection against hackers. Looking for the safest way to make electronic payments? BitGold provides just that by using RSA 4096 and AES 256 encryption.
All of these benefits are among the most popular reasons why investors from all over the globe are buying gold through this innovative platform. You can read an honest BitGold review to see just what investors are saying about BitGold for payments and why it is the safest way to pay in gold. Once you see what others are saying and try it for yourself, you will agree that paying in BitGold is safe, easy and cost effective since there are no monthly fees. When it comes to safety, BitGold has your back.
In today’s market, many investors are scurrying around for a safe investment platform because there are rumors that the economy is headed for a major collapse at some point in 2016. While there will always be doomsayers and those who predict the worst, even in a bull market, there is growing agreement among market analysts that China’s recent problems will soon be affecting global economies. This honest BitGold review is intent on offering a bit of wisdom on why investing in a gold bullion can offer the security you need now and in the event that another crash like the one experienced last decade should occur.
Why Investing in a Gold Bullion Is a Sound Decision
For as long as there has been recorded history, mankind has been fascinated by gold. This most stable of the noble metals was used in worship rituals, the adornment of burial crypts, jewels for kings and queens and yes, as currency to buy and sell goods. To some, the value of gold is way over inflated, yet to others, gold is a precious commodity upon which every currency should still be based. Yes, it has been over a century since the Gold Standard was in effect in the United States and elsewhere, but gold is still the currency that will survive any financial storm that heads this way.
A Historical Perspective on Gold Valuation
Once the true value of gold is appreciated, it is important to decide on a method of investing that suits your strategy. Some investors are savvy enough to dabble in futures and options but investing in a gold bullion is by far the safer alternative. You will be buying real gold as pure as it comes and this precious metal will not soon lose any allure or real value. Over time there may be a few dips in the road but overall, gold will continue to gain value if left to sit in the vault without being borrowed against or sold. In order to get a visual image of this continual rise in the price of gold over time, consider that gold was selling for approximately $220 USD in 1970. Five years later gold was valued at $453 while just six years after that it reached an all-time high at $1600 in 1981.
Over the next 19 years, gold began its descent to $354 in 2001 and then began climbing again to where it is valued today in 2016 at a spot of about $1250 per ounce. Although gold is not valued yet at that record-setting $1600 per ounce that it was valued at in 1981, analysts believe it is headed that way and more quickly than previously expected. With a decline in the economy as was experienced in the late 1970’s, gold will continue to gain in value until it reaches well beyond that $1600 mark. In fact, there are many analysts who feel that gold will reach the $2,000 mark by year’s end.
You Don’t Need a Small Fortune to Invest in a Gold Bullion
One of the real benefits of looking at BitGold reviews and in visiting the BitGold.com website is to get a look at a gold investment platform that doesn’t require you to have huge amounts of money to invest. At BitGold you can buy gold in increments as small as a 10gm cube and over time it will potentially grow by half again as much in value. That time is said to be short-lived because this is the year the economic climate is set to spiral downwards more quickly than could have been anticipated even just last year.
If you are looking at investing in a gold bullion, check out the BitGold website, read an honest BitGold review on the site and then check out how you too can make an affordable investment to safeguard your future. The United States currency may soon deflate but gold will continue to rise. Investing in a gold bullion is always a sound investment but in today’s market that is nothing more secure.
In today’s market it is becoming increasingly evident that gold is a sound investment. Although gold has always been considered to be the most stable currency, many new investors seem to prefer the allure of riskier investments. Once you understand just how stable the gold market is and why it is a wise investment, it’s time to think about the best place to buy gold. The information you find here is there to help you understand exactly why gold is the perfect investment product in today’s economy and what you should be looking for when choosing where and how to buy gold.
Accountability and Transparency
When looking for the best place to buy gold, there are two key elements which must always be in place. The firm you purchase your gold from should be accountable for all transactions so that you can be assured your investments are safe and secure. In a digital age, all information should be transmitted securely so that the investor’s privacy is always protected. The best place to buy gold should accept accountability for every gram of gold held in vaults and that all transactions are transparent, with no hidden agenda written between the lines.
Immediate and Ongoing Information
You should never buy gold on impulse. In fact, you should never make any investment on impulse or as an emotional response to high power advertising. Your decision to invest in gold should be based on being informed. The best place to buy gold will keep you informed of market conditions and factors that could affect both the price of gold and the advisability of buying and/or selling. Look for a dealer in gold that will offer honest and well-written information for you to study and learn from. It is only through a solid understanding of the market that you can make well informed decisions in regards to your financial future.
Honest Customer Reviews and Professional Recommendations & Affiliations
It is also important to know what others are saying about the firm you are dealing with. Look for unpaid mentions in well-respected financial news media and honest customer reviews written by those who have dealt with the company or brokerage. Also, you may wish to look at professional affiliations to which they belong. Any and all references are beneficial when looking at the best place to buy gold.
Providing Investments within Your Means
One of the main reasons so many potential investors went elsewhere over the years is because of the initial layout of capital they were required to invest. Traditionally, gold dealers and brokers sold gold by the 1 oz. bar, which was at times cost prohibitive to those just starting out. If you are new to investing in gold, you may want to keep your investment manageable to a few grams at a time. This is quite doable with the right firm and if it is held in vault for you, fully secured by a renowned company like Brinks, you can be assured that your gold will be there safe and sound while you build up your stock.
Ease of Transactions
Another thing to look for when seeking the best place to buy gold is the ease at which you can make transactions. Can you simply go online, make a wire transfer, buy gold with a debit or credit card, use China UnionPay or INTERAC? Those are some of the options available to you with a secure site like BitGold.com and with military grade encryption, you can rest assured that online transactions are as secured as classified government data.
24/7 Access to Vaulted Gold
When choosing where to buy and store your gold, consider whether or not you will have 24/7 access to the gold in your vault. While your gold may be stored continents away and secured by Brinks, you should still be able to gain access to your gold any time of day or night. This is a very important consideration when looking for the best place to buy gold because there may be times when you need to redeem it for its cash value. With a GoldMoney Prepaid Mastercard you can quickly redeem as much of your gold as you need at local merchants, online or you can even pay bills if the need arises. That’s 24/7 access in its truest sense.
From the Comfort of Your Home
One last consideration is in terms of the physical location you must travel to in order to buy gold bullion. Why not buy gold from your computer located at home, right there in your lap as you recline after a hard day at the office? At BitGold.com you need go no further than the nearest computer and that convenience is often the determining factor when choosing the best place to buy gold. There is no need to travel downtown to a broker or send off in the mail for brochures and pamphlets. Simply log on, read a BitGold review or two and follow the easy steps to become an investor within moments.
Since there is no limit imposed on you, you can start small and add to your store of gold over time. Buy as quickly or as slowly as you’d like and rest assured your gold is safe and fully insured. Where is the best place to buy gold? Right here where you are – on your computer!
Knowing that there was a time when this extremely rare precious metal was the basis for most, if not all, currencies around the world makes it highly attractive as an investment product. After all, there is only so much to go around and since it is still much in demand for global currency reserves, jewelry and for certain scientific uses, it is now and forecast to always remain in high demand. However, that alone isn’t enough to base a decision on whether or not you should be investing in gold. Yes, it is the most precious of the noble metals and yes it is the rarest and hardest to come by, but what other factors should be present for gold to be a good investment?
The first thing you should look at is the market, that is to say the economy. Like any other investment product, you need to understand the market in order to determine if and when to invest. Whether or not you choose 2016 to begin investing in gold should be based on market conditions, plain and simple. So then, let’s take a look at current market conditions around the world and then look again at whether or not it is a good idea to invest in gold in 2016.
All Eyes Are on the United States
One thing that many people aren’t aware of is the fact that the value of gold is inversely proportionate to the value of the US dollar. If the dollar in the United States is strong, the price of gold plummets accordingly. If the US dollar is weak, the value of gold rises in proportion as well. This is on a global level too as other countries are likewise directly tied into the United States economy. The USD is not only the most traded currency on the Forex market but is also considered to be the strongest currency historically. Around the world the price of gold is highly dependent on the US economy. So that’s where you should begin looking if you want to know if 2016 is a good year to invest in gold.
Predictions on the Rapid Decline of the USD in 2016
According to most analysts, the USD is heading for a major fall. In fact, many market analysts forecast the US economy to plummet much faster than expected. So what does this mean in terms of buying gold in 2016? Bearing in mind that as the value of the dollar goes up the value of gold goes down and vice versa. This means that if the United States economy goes bust then the value, and price, of gold will soar. However, it is important to also keep in mind that this will almost certainly have a snowball effect on many other economies around the globe. What is being forecast for 2016 is a global recession of historic proportions making the most recent ‘crash’ in 2008 seem like a walk in the park.
Worrying Signs Not to Be Ignored – Instability in the Global Market
Bearing in mind that the price of gold has a proportionate relationship to the value of the USD, most analysts are actually forecasting the price of gold to reach historic highs as the USD is forecast to reach historic lows. But this is not the only worrying factor that has many market analysts on the edge of their seats. As reported by the BBC in November of 2015, OECD (Organization for Economic Co-operation and Development) states that the world economy is definitely slowing down no matter what heads of state would have you believe. Here again, we call attention to the fact that other economies are largely dependent on that of the United States, so it stands to reason that if the giant superpower falls so too do numerous global economies, too many to count.
In addition to worries over the economy in the United States, China’s economic problems have been making headlines for months. As another of the world’s leading economies, second only to the United States, this is a huge cause for concern. In the past they had overtaken the US in some areas but because the United States GDP has remained so strong, at least to date, they were still staggering to follow in second place. With news of their market crash in the latter part of last year, concern is now more than doubled because the two leading economies are forecast to plummet.
What Does This All Mean for Investing in Gold in 2016?
It keeps going back to the fact that the price of gold will continue to rise as the value of the USD declines. Since all forecasts look to a more rapid than expected decline in the USD, then it can be assumed that the price of gold will rise. Fortunately for those intent on investing in gold, it is further thought that the concerns over the United States economy will send the price of gold skyrocketing as investors verge on panic looking for somewhere safe to place their money.
The only downside to all this is that few people have massive amounts of money to invest at this time. Remember that we are supposedly just rising out of the latest recession. Investors would be wise to consider buying gold, even in smaller amounts, to begin accumulating something of real value as opposed to putting their hard earned money into accounts that are only backed by government reserves and money that is set to decline by the day.
Spending vs. Savings – At BitGold You Decide
At BitGold you can find real reviews from people who had little to invest at first but are basking in the security of knowing their gold is safely stored for them. Their gold can be used to make payments, as a transfer to their bank or spent with an optional BitGold MasterCard. Any gold they have purchased can be also be sold at prices within 1% of the current trading price. Are you looking to invest in gold? Start out with smaller amounts at BitGold and watch your value grow as the dollar declines.
Spend your gold any time you’d like or continue growing your savings. It’s up to you at BitGold but the one thing you can always count on is that there is real gold being held in your account and unlike paper reserves, you have real value in real gold. Remember, the only impact a recession will have is to increase your net worth so in the end is 2016 a good year to invest in gold? The answer is quite simple! There has never been a better time to buy gold based on all market indicators. Looking to buy gold? You came to the right place.
You are probably here because you have heard the buzz going around the Web about an innovative new investment product and are looking for an honest BitGold Review. That’s one thing you’ll find scattered about our site and that would be honest reviews from real people just like yourself. Unfortunately, it wouldn’t be quite right to review our own product so what we will do is tell you a little bit about it along with what BitGold means to others in an uncertain economy.
A Focus on Accessibility & Security
As the name would imply, BitGold is a way to invest in gold, real gold in bars and cubes. BitGold is not an option but a real investment in the real thing. One of the reasons more people haven’t historically invested in gold is because it has always been cost prohibitive. Gold is a precious metal that is quite expensive due to its rarity and most often has been sold in bars which at the price of an ounce would preclude all but a limited few to accumulate any great amount.
At BitGold you can purchase smaller amounts that belong to you once the transaction is complete and we will hold your gold in a secure setting. Fully insured at 100% of its value, your gold will be held in private vaults in such places around the globe as London, Dubai, Toronto, Singapore and Hong Kong. And the best part of this is that your gold is secured by world famous Brinks which the average investor just couldn’t afford to employ individually. Being part of the BitGold family makes it possible to buy gold in smaller amounts and employ the world’s most famous security firm as part of the ‘package’ at no extra cost to you whatsoever.
Why Invest in Gold? The Bottom Line
When looking for something to invest in, it is said that nothing is as safe as gold and at this point in time, that is probably an accurate statement. Market analysts are forecasting another global recession, but one that will make the crash of 2008-09 pale in comparison. The reason for this is because of how gold is valued. A more complete explanation can be found in “Is It a Good Idea to Invest in Gold in 2016?” but in short, gold is valued relative to the USD, United State dollar. When the dollar is strong, gold is proportionately weak and vice versa.
So putting that fact together with what is being predicted in terms of the US economy, it is safe to assume that the value of gold will do nothing but increase as the recession brings the USD to record setting lows. The earlier you invest in gold, the more likely you are to see a significant profit. Remember, as the dollar devalues, gold gains in value. Now you see why this is a good time to place your money in gold. Even so, that probably leaves you wondering about how you can fund your account once you’ve set it up and how you can get paid if you want to sell (or spend) your BitGold.
Funding and Drawing from Your BitGold Account
One of the most important things you need to know is that BitGold is more than just an investment product. You can also look at it like a savings account which you can spend as you need to or sell if you want to cash out at a higher price than you bought in for. You can fund your account by wire transfer, credit cards, SEPA (Single European Payments Area), Interac or China Union Pay. Once you have set up your account you can add to it as you see fit and you can spend/sell as you want as well.
You also might be interested to know that you can send and receive BitGold in digital format to other members at no cost and you can also take advantage of a GoldMoney prepaid card that you can use at any retailer that takes major debit/credit cards. You can use whatever amount you want from your account and you can also replenish as you want. So, you see, it’s more than just an investment product as it’s like having a high interest bearing savings account and an investment in physical gold all at the same time.
With a questionable global economy, it is never more important than now to find a way to invest money in something that will only seek to gain in value if the economy hits the rocks. With most of the rest of the world tied into major economies like the United States, it is essential to arm yourself in the event that the dollar bottoms out. Gold will always have value and is seen as a safe investment, especially in troubled economies. Simply by checking out a sampling of the honest BitGold Reviews we’ve posted around our site you will see that other like-minded investors are arming themselves for the fall which most analysts believe is coming in the very near future.
As the newest, most innovative gold investment platform on the market today, BitGold is quickly gaining in popularity. At bitgoldreview.org we offer honest BitGold reviews so that people looking to invest in gold bullion can understand that there are affordable ways for the average person to break into the market.